Does this device capture streaming sensor data and analyze it then send summary stats or graphs to engineering database?

Does it help stream raw data to central DB?

Not clear how its used for example by a process tool vendor to help tool owners analyze machine-level data from sensors, and since there are many sensors streaming data form modern tools, does this do multivariate analysis on groups of sensors?

Or does it send signals to other modules or tools that a step has started or finished? Some case studies would be interesting. Internet of Things is still vague.